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Christian Mikhael’s wife, Christina, is a self-made millionaire. She started her own business after graduating from college and has been able to build an empire that includes six figures in revenue each month. Read more in detail here: christian mikkelsen wife.
Rasmus Mikkelsen believes that you may generate a million dollars from your publishing firm in a single day. According to one of his latest YouTube videos, this is the case. He also claims that it isn’t clickbait. “The reality is,” he says, “you can earn a hundred thousand dollars in a single day, and even more.” In a single day, a buddy of mine earned about two hundred thousand dollars. It’s all because of his publishing company. So, if anything, I’m exaggerating. I could have spoken a hundred thousand times more.”
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He explains, “I’m not going to teach you how to generate a hundred thousand dollars every day.” That isn’t possible. However, you may only do this once per publishing company. How? How did you manage to earn six figures (or much more) in a single day, using audiobooks of all things? It’s by selling your publishing company, as you probably have figured. It’s a valuable asset that attracts both investors and serial entrepreneurs.
They want to acquire passive income streams that have already done all of the legwork for them. They may deduct the investment from their taxes in the near term, while recouping their investment and then some in the medium to long term. The advantage to you right now is a monetary windfall. Which might come in useful if you want to get out of debt, purchase a house, start a new company, or invest in other assets.
Rasmus suggests that forty-times your typical monthly earnings is a good place to start when estimating the value of your publishing company. So, if you’re now earning roughly $5,000 per month, you might possibly have $200,000 in your pocket if you find a suitable buyer. There is, of course, a disadvantage. You may say goodbye to your passive income, which you might have enjoyed for years and years.
What’s the best way to sell your publishing company? Rasmus advises utilizing a reputable company broker such as Empire Flippers. They’ve helped close about $300 million in corporate deals thus far. They have an overall success rate of 83 percent. That is, if you list your eBook or audiobook business with them, there’s a good possibility they’ll locate a buyer for you. It will be considerably more if you are priced to sell.
Rasmus gives a demonstration of the Empire Flippers program. He displays one publishing company with a list price of somewhat more than $2.44 million. That’s a stunning 49-X multiple with a monthly net profit of just under $50,000. Empire Flippers will manage all of the paperwork, asset transfers, and, of course, ensure that you get your money safely and securely. They make it completely risk-free. They do charge for their services.
How much money your publishing business makes, how long it’s been profitable, how well you can prove it with reports and documents, any other assets you might have (email list, social media accounts, lead magnet, etc. ), systems, already-trained virtual assistants, and more are all factors that will determine what you could get for yours. You may continue work in publishing after you sell, according to Rasmus. Unless you agree to a non-compete agreement. Keep a watch out for the Mikkelsen brothers’ next book, The Freedom Shortcut, for more on this.
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Katie Smith: Watch this brief video if you want someone who will tell it like it is, respect your time, and show you a company that could really work for you.
The “audiobook income academy review” is a blog that provides reviews on different topics. One of the topics they cover is how to make money with audiobooks. The author discusses how he used the service and made six figures in one day.
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